Thai narrows second-quarter loss to $156.6 million

Thai Airways suffered a THB5.4 billion ($156.5 million) loss in the second quarter, a 41.6% improvement from the THB9.25 billion deficit reported in the year-ago period. Revenue fell 31.9% to THB34.63 billion and expenses were down 34.8% to THB39.92 billion. Capacity was cut 11.2%, but a 22.7% fall in RPKs lowered load factor 9.9 points to 66.2%. The airline said the traditional low season, the global downturn, the H1N1 flu and domestic political unrest combined to produce the loss. Yield ...